Canadian consumer-oriented cannabis firm raises CA$3 million
A Toronto-based cannabis, coffee and clothing business, Tokyo Smoke, secured 3 million in Canadian dollars ($2.25 million) from investors, claiming it’s the first marijuana-related consumer brand in Canada to raise capital.
The company, which describes itself as a premium cannabis-oriented lifestyle brand, said in a news release that the first-round raise was oversubscribed and that the amount was more than 50% above its initial target.
Investors hail from Canada, the United States and South America and include Chuck Rifici, co-founder of two cannabis-related Canadian companies: Canopy Growth Corp., Canada’s first publicly traded medical marijuana company, and Nesta Holding
Canadian consumer-oriented cannabis firm raises CA$3 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs